Check this story out:
http://www.cnn.com/2008/CRIME/10/06/california.murder.suicide/index.html
Look at the picture in that page. Carefully.
as i was saying.... beware of yourself. You may/will gun down somebody in the future. That I am sure of.
The house is in gated community and appeared expensive, there are 2 suv, one lexus and another massive yukon?
He coulda sold a lot of things first and cut on consumption but he rather offed his family first before his consumption.
I know it. I am a math whiz mortgage modeling expert with psychic gift to understand consumer behaviors - believe it or not. This trend will continue and got worse.
Cutting consumption is NOT an option for Amerikans - as one of the more naive, yet brilliant thinkers, out there suggested in one of the email exchange I had two posts ago in this page. This is like asking a japanese samurai from the 12 th century to surrender. The difference is, the US samurai would shoot up his family first before selling his Lexus.
You have been warned. You may do the same.
The right enemy
12 years ago
22 comments:
I agree with you on this one. The main reason this guy did what he did was because he could not let go of the possessions or the affluence. He thought THAT was reality. If only they were satisfied with a used Chevy, lived in a nice place in a decent neighborhood instead of an upscale one, they probably could have saved quite a bit of money.
You are one bright fella, Mr. Spy. I am impressed.
Too bad to see the other Aeronautics engineer guy get to the treasury.
The tragic part is, thats one more vacant house to sell too... imagine what it will do to property values!
Well u aint bad for a bio tech guys. Without ur site I would have not found attilla. But the rest of the links are second rate. U need to revise it.
He was not an American Samurai. He was Indian. His culture taught him that it is honorable to off himself when the gravy train leaves without him. It is also his culture that he should not leave family members behind to burden society. Who do you think would have been taking care of them after he chickened out?
Thanks for letting me know. I agree and trimmed off the list.
I think John Navin is good too, but everyone looks bad when you place them against Atilla.
I agree with the first anonymous poster. Having and MBA and living the high life for quite some time, he probably found it beneath him to take up other jobs most MBA (finance) holders would not consider while also making some lifestyle changes. I don't deny that he may have been in serious financial trouble, but he should have talked it out first with his lawyer or other experts.
As an Indian myself, I'm shocked to hear this. But no where in modern Indian religion/culture is suicide or murder supported. There are many poor people in India, but they don't end their lives (maybe they don't have access to guns like Americans do).
That said, I support an individual's decision to end his/her life, but not that of others without their consent.
The closer you are to the ground when the bottom falls out the less the impact hurts.
Atilla ran his blog from August '06 to August '07, but had only few followers, even though he was as good as he is now. One of the follower was, guess who, MarginNayan.
Then he shut it down, but restarted around July this year on my and dcengr's insistence. I think many of his current followers are tickerforum exiles, who found his blog through mine.
This time he wanted Solomon to run the site. After that poor guy got injured in a car accident, Atilla had to come forward. The guy is a genius.
When he had his blog last year, he explained many of his techniques. I am fortunate to learn few things from there that helps me navigate through the jungle, even when he does not post much.
Imagine reading his blog versus paying $150 to Grand Ayatollah.
I am really puzzled by this Indian guy from LA. He was renting the house, not an owner. So, he could have moved out to a smaller apartment. There are so many places to cut expenses, that murder-suicide appears very surprising.
Indians of my generation did not grow up in affluence, and that includes even those, who were well off. One of my friend saw Amitabh Bachchan, India's biggest movie star, eat food in Taco Bell, when his daughter was studying at Boston University. That was in 1995. Things may have changed now.
Murder-suicide of this type is not very common in India....but then again, debt was not common, when I grew up there. My parents built their house part by part over 10 years, as they got their income.
Greenie, NOTICE who else did not pay $150 to grand A? heheheheh.
By the way, I thought I'd let you know, if you are here on a visa, and Bob Barr became the President, you're not going to India, Greenie. You are going to the "Island" down south. That much is guaranteed.
Mr. Spy,
Here is the detailed story with all names and everything. I find it very puzzling, because the guy did not have any mortgage or other big loan. Also, his wife was working, which could give the family some cash flow cushion. How did he end up having financial problems?
Could it be that he was trading his (and his wife's) saving without his wife's knowledge, read advice from a forum and went 'all in' in the wrong direction? That's the only way one can have sudden financial problem.
Why? What is special about Bob Barr?
forgot the link -
http://ap.google.com/article/ALeqM5jgQq_Pn5o6mQHLQWGyzBoiaz4nOwD93LDDQO1
My suspicion is correct. It is right here:
"Investigators have determined that Rajaram was at least the part-owner of a financial holding company, Moore said.
He is listed as a co-manager of a corporation called SKGL LLC, which is incorporated in Nevada, according to state records. He formed the corporation for his family's assets, said Las Vegas attorney Christopher R. Grobl."
This looks like the same guy:
AZUR - [Cached Version]
Published on: 5/24/2004 Last Visited: 5/24/2004
Karthik RajaramCTO, Chief Product OfficerAs the chief technology and product officer at The Azur Company, Karthik Rajaram is responsible for developing and supporting the core process within The Azur Company's Quantified Change approach.He oversees the development and maintenance of Azur's proprietary software suite, AzurAchieve, as well as client project training, deployment and infrastructure.He is also responsible for Azur's internal IT infrastructure.
Karthik brings 19 years of experience in finance, strategy, operations and technology within corporate, management consulting and venture capital businesses.He has led and managed change and strategy efforts in industries as diverse as Media, Retail, Telecommunications, Information Technology and Financial services.His consulting projects have improved the earnings of his clients by over $1 billion.
Before co-founding The Azur Company, Karthik was co-founder and CTO of nanoUniverse plc, a Los Angeles and London based venture capital fund taken public in the London stock exchange.Prior to that, he spent seven years leading strategic and operational improvements as a director at EHS Partners and as a senior principal consultant at PricewaterhouseCoopers.Key clients include Reuters, Sony, Seagram, MGM, Disney, News Corp., Bell Atlantic, Viacom, Universal Studios, USC and UnionBanCal.While at PwC Karthik developed a "strategic scenario envisioning" process that continues to serve as a blueprint for strategy development at PwC.
Prior to PwC, Karthik held finance and operations positions at Sony Pictures Entertainment, where he developed the business plan for Sony's first cable network.Prior to Sony, he worked in the audit group at Deloitte and Touche.
Karthik has an MBA from the Anderson School at UCLA where he received the Edward Sedgwick Memorial award, and a BS in Civil Engineering from the Indian Institute of Technology in Chennai, India.He lives in Los Angeles, California with his wife and three sons.
Looks like the company he founded went to zero:
http://www.hemscott.com/companies/company-summary.do?companyId=3870
correction, the company was liquidated
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/2726929/Making-a-killing-from-dotcoms.html
Last week the vultures finished off their first victim - NanoUniverse, a troubled internet incubator which has been forced to wind itself up by active value investors. Leading the pack is Laxey Partners, an Isle of Man investment management company run by Andrew Pegge and Colin Kingsnorth, who cut their teeth breaking up undervalued investment trusts.
Others are also on the prowl. Julian Treger and Brian Myerson - best known for running Active Value, the aggressive investment company - have set up Illuminator to buy into distressed technology companies, and this week The Telegraph reveals that Jim Mellon, the well-known financier, has built a 5 per cent stake in e-capital, a former internet incubator, through Galloway, a private trust fund.
This weekend the directors of NanoUniverse are licking their wounds. When the dotcom bubble burst the management of NanoUniverse had hoped to transform it into a media company. But Laxey - which built up a 27.1 per cent stake in the troubled firm - blocked the move.
The announcement last Friday that the directors of NanoUniverse have decided to wind the company up and return up to £24m to shareholders would appear to be a victory for Laxey.
seems quite different from 'unemployed dad kills six, because he could not find job'.
"nanoUniverse sticks to its guns despite no turnover
Added:
Sep 27, 2000
The company, with operations in London and Los Angeles, is hell bent on developing and operating companies that are positioned to capitalise on the internet's transition to broadband. Despite the fact that as of yet no deals have borne fruit, there are no plans to digress from the original strategy.
"Absolutely not," said CFO Kiran Sidhu. "We remain focused on broadband, and believe that broadband will be no less of a revolution than the personal PC."
Following the recent shake up in the broadband sector, which saw Pop.com, and Psuedo.com wind up their operations in the US, Sidhu said that nanoUniverse is being particularly cautious, and will only put money in a business with a second capital partner. "Any deal that we do has to have a second capital partner. We want to know that our secondary funding is in place before we put money into a deal," he said.
He added that in the light of these developments, they are particularly keen on content opportunities with conventional distribution platforms, which are economically scalable into broadband. "The demand for new, rich, cutting-edge content for digital, as well as conventional distribution, continues to exceed supply."
The company has today reiterated its commitment to broadband, and says that it will also pursue business models that incorporate interactive television and video on demand. There is no intention to broaden its scope, even though investees seem hard to come by, though they came close to acquiring US-based interactive design and web development agency, Reservision earlier in the year. The deal, however, fell through following due diligence procedures.
In these times, sitting on so much cash will undoubtedly attract cash-hungry competitors. Sidhu admits that a number of incubators have approached them, but that no formal offer has been made. "We are not interested in any form of combination. We have a focused strategy, and we're on track to meet our targets."
In their interim results for the period between 7 October 1999 and 30 June 2000, nanoUniverse reported losses of 464,520. Operating losses of 931,755 were partially offset by interest payments of 467,235. The company reported cash reserves of 25.46m as at 30 June 2000.
With more than 25m in the bank, and based on its current level of activity and its monthly cash burn, nanoUniverse still has a good few years ahead of it. Sidhu, however reassures that they are in talks with a number of potential portfolio companies and they "hope to close on one or two of them by the end of the year".
This guy is a day trader. I am telling you, bear or bull is easy to get killed in this market.
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